The Cabinet Committee on Economic Affairs has accorded 'In-principle' approval for strategic disinvestment of Government of India shareholding of 30.8% in Container Corporation of India (CONCOR) (out of 54.8% equity presently held by the Government of India) along with transfer of management control to a strategic buyer.
CONCOR is a Public Sector Undertaking, under Ministry of Indian Railways which was incorporated in March 1988 under the Companies Act, and commenced operation from November 1989 taking over the existing network of 7 ICDs from the Indian Railways.
